Pennsylvania § 7780.4 - Discretionary powers.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7780.4 — Discretionary powers., with citation guidance and answers to common questions.
§ 7780.4. Discretionary powers.
The trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries, notwithstanding the breadth of discretion granted to a trustee by the terms of the trust, including the use of such terms as "absolute," "sole" or "uncontrolled."
(July 15, 2024, P.L.786, No.64, eff. 90 days)
2024 Amendment. See section 11 of Act 64 in the appendix to this title for special provisions relating to Uniform Trust Code.
Frequently Asked Questions About Pennsylvania § 7780.4
What does Pennsylvania Consolidated Statutes § 7780.4 cover?
Section 7780.4 ("Discretionary powers.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 7780.4?
A common citation format is "Pennsylvania Consolidated Statutes § 7780.4" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 7780.4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.